It's trendline resistance, 200ma resistance and the VIX 200ma support.
1250 could hold but it could be the proverbial ballet dancer crouching before the leap aka November top.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=11&dy=0&i=p24254219869&a=179964330&r=3057.png
Edited by Rogerdodger, 02 December 2011 - 03:03 PM.